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Dealing with Debt Survey | 7 Easy Questions on Consumer Debt

By | October 1st, 2013|Statistics|

Do you have a debt story?   […]

Alberta has the second largest decline in total bankruptcy filings in Canada.

By | August 29th, 2013|Statistics|

Alberta has the second largest decline in total bankruptcy filings in Canada. The Office of the Superintendent of Bankruptcy just released the June 2013 Insolvency statistics.  This is a monthly report that is a major economic indicator that is often cited when trying to determine the health of the economy. In June’s report we find: [...]

What happens to my spouse if I file for bankruptcy?

By | August 7th, 2013|Bankruptcy|

In most cases the answer to this is that there is nothing that will happen to your spouse if you file for bankruptcy. The way the law works is that the only way you are legally responsible for a debt is if you signed on the debt. Simply being married or common law has no [...]

Does a bankruptcy mean I lose everything I own?

By | June 7th, 2013|Bankruptcy|

In most cases, this couldn't be further from the truth.  Most people are able to retain most everything that they own. What happens is every province has created a list of exemptions.  What an exemption means is that as long as the property you own falls within the exemptions available in your province, then you [...]